Having to deal with someone who isn’t coping in the office is not a pleasant situation for anyone. There may be a variety of reasons for this, such as personality clashes, the employee having a bad work ethic or the workload proving to be too much for the employee to handle. Whatever the reason, it’s…
Without profits and positive cash flow, a business is going to struggle to survive. This is why cash flow strategies should be taken seriously. Aim for long term financial stability When setting finance and cash flow goals for the business it is important to aim for long term stability. Businesses should realistically assess how and…
A retail or commercial lease is a legally binding contract between a landlord and a tenant of a retail shop that allows the tenant to use the landlord’s asset (property) in return for rental payments. While leases can be complex and difficult to understand, it is essential for both parties to have a thorough understanding…
For many entrepreneurs, their business is their most valuable asset. Yet they’ve done little to make sure its value is sustained if they’re out of commission. Even if you’re unavailable for a relatively short period of time, can your business keep going without you? On the most basic level, you want to make certain your…
An employment termination payment (ETP) is a lump sum payment an employer makes to employees when their employment is terminated. Depending on the age of the employee, and the length of their employment, the amount of an ETP may be taxed at a different rate. An ETP may encompass a tax-free portion, a concessionally taxed…
